Month: January 2018

Dear Ladies and Gentlemen,

ECB President Mario Draghi was not concerned about the rally of the euro against the US dollar since mid-December last week. Since then, the European common currency has increased at around seven cents, but Draghi is by no means using this as an opportunity to practice relaxation exercises with regard to the south European interest and bond policy. Last week alone, the euro gained two cents.

The oil price continued to be bullish last week, closing above the $ 70 weekly line for the first time since summer 2014.

In this market environment, the buyer side also dominated the market for European CO2 emission rights and the EUA set a six-year high at 9.56 euros per ton of CO2e last Wednesday. At the end of the week, the price dropped off again due to profit-taking, but closed comfortably above the nine-euro mark.

The fact, that prices for emission allowances did not yet exert any significant steering effect is confirmed by the fact, that greenhouse gas emissions in Germany once again rose by 2.6 million tonnes in 2016 compared with the previous year. As the Federal Environment Agency reports, emissions from the transport sector in particular have risen again and are now above the 1990 level, which causes almost 167 million CO2. 96% of this is road traffic. This does not surprise, however, when one sees the increasing number of so-called SUVs, which are apparently now similarly popular among office workers, as in forestry workers.

 

(Average Quotes Exchange / OTC)
Instrument	2018-01-26	2018-01-19	Change
EUA (Spotmarket)	9.06 EUR	8.73 EUR	+0.90 EUR
EUA (December-2018-Future)	9.09 EUR	8.76 EUR	+0.90 EUR
CER (Spotmarket)	0.17 EUR	0.17 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	70.05 USD	68.79 USD	-1.00 USD
EURO (Currency, Forex)	1.2428 USD	1.2221 USD	+0.0035 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH

 

 

 

 

Dear Ladies and Gentlemen,

The probability, that a big coalition between the conservative German parties CDU, CSU and social party SPD will continue after the election of the special party congress, rose up, although only 56% of the delegates voted for negotiations with CDU/CSU as a more likely alternative to new elections. That might be true, because the one or other elector could ask, why he should vote for the SPD, when they are not willing to take governmental responsibility.

However, the result of yesterdays election brought a government participation of the Green party more away, what will not advance the turning away from coal power.

The already bullish European market for carbon emission certificates used the bigger growing probability at the end of last week for a positive vote of the election to move leave the eight-Euro-level behind and moved with a 10% surplus on weekly basis into the nine-Euro-direction.

Last time, as EU-emission allowances has been above nine Euro was in November 2012.

 

(Average Quotes Exchange / OTC)
Instrument	2018-01-19	2018-01-12	Change
EUA (Spotmarket)	8.73 EUR	7.83 EUR	+0.90 EUR
EUA (December-2018-Future)	8.76 EUR	7.86 EUR	+0.90 EUR
CER (Spotmarket)	0.17 EUR	0.17 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	68.79 USD	69.79 USD	-1.00 USD
EURO (Currency, Forex)	1.2221 USD	1.2186 USD	+0.0035 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH

 

 

 

Dear Ladies and Gentlemen,

Some speculations at the currency market, that European Central Bank would end their easy monetary policy sooner than expected, moved the Euro to a three-year-high on more than 1.21 US-Dollar. Since the End of 2015, the US-Federal Reserve brought the interest up step-by-step, which brings more pressure to the European monetary watchdogs more and more.

In the United States, Banks are paying around two percent more interest than in Germany for example, and some financial analysts are seeing the time is coming, that ECB will turn their monetary policy into normality.

The quotes for European carbon emission allowances moved more sideward last week and closed with a small plus at 7.83 per ton carbon. Last weeks price range was between 7.60 and 7.83 Euro. At the moment, the eight-Euro-level seems to be a hard barrier since it was broken downside at the first trading day of this year.

 

(Average Quotes Exchange / OTC)
Instrument	2018-01-12	2018-01-05	Change
EUA (Spotmarket)	7.83 EUR	7.75 EUR	+0.08 EUR
EUA (December-2018-Future)	7.86 EUR	7.78 EUR	+0.08 EUR
CER (Spotmarket)	0.17 EUR	0.17 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	69.79 USD	67.76 USD	+2.03 USD
EURO (Currency, Forex)	1.2186 USD	1.2029 USD	+0.0157 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

With kind regards,

Advantag Services GmbH

Dear Ladies and Gentlemen,

The year 2017 is one of the three hottest, ever recorded years on global sight. The Copernicus Climate Change Services (C3S) of the European Centre of mid-term weather-forecast (EZMW) declared the pas year to the second warmest since the beginning of the records. The global temperature is now already 1.2°C above the pre-industrial level.

At the US-American east coast, the winter is currently so hard, as one could see it many years ago, the snowfall goes as far as Florida. Climate change denier, like US-President Donald Trump, see this as an evidence, that there is no climate change. But the total opposite is the case. Because of double speed of warming in the arctic region as in the warm and temperate zones, the temperature difference between Arctic and Equator is getting lower. That leads inevitably to a reduction of the speed of the Jetstream, what makes the barrier more pervious for the very cold arctic air masses to the North of Europe, Asia or North America.

That climate change is also visible on financial sight, is shown by the newest numbers of the insurance business: natural disasters as hurricanes and floodings caused 2017 a global record amount of 135 billion US-Dollar for the insurance companies.

In the first trading week of the new year, the European carbon emission allowances became weaker and closed 25 Cent below the eight-Euro-level.

 

(Average Quotes Exchange / OTC)
Instrument	2018-01-05	2017-12-29	Change
EUA (Spotmarket)	7.75 EUR	8.14 EUR	-0.39 EUR
EUA (December-2018-Future)	7.78 EUR	8.16 EUR	-0.38 EUR
CER (Spotmarket)	0.17 EUR	0.17 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	67.76 USD	66.62 USD	+1.14 USD
EURO (Currency, Forex)	1.2029 USD	1.1997 USD	+0.0032 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

With kind regards,

Advantag Services GmbH

Dear Ladies and Gentlemen,

The expansion of renewable energy is an important part on the way of reduction of greenhouse-gas emissions in Germany. A report of German dpa shows, that in the past year solely the grid operator Tennet has made emergency operations with costs of one billion Euros to ensure the stability of German electricity grid. Main reason are under-resourced interconnect capacitances, combined with the ups and downs of renewable energy availability. Especially missing power lines for wind energy to the south of Germany causing problems in windy times. In the weaker wind year 2016, the costs of emergency operations only amount 660 million Euro.

The prices of carbon emission allowances rose up in the last week of the year visibly and closed clear above the eight-Euro-level. The new year started expectably a little lighter.

We don’t want to miss to wish all readers of the carbon market news a healthy and successful new year 2018!

 

(Average Quotes Exchange / OTC)
Instrument	2017-12-29	2017-11-15	Change
EUA (Spotmarket)	8.14 EUR	7.18 EUR	+0.96 EUR
EUA (December-2018-Future)	8.16 EUR	7.21 EUR	+0.95 EUR
CER (Spotmarket)	0.17 EUR	0.17 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	66.62 USD	63.24 USD	+3.38 USD
EURO (Currency, Forex)	1.1997 USD	1.1753 USD	+0.0244 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH

 

 

 

 

 

 

 

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Tel.: +49(0)2831.13482-20

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Mail: info@advantag.de

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Raik Oliver Heinzelmann

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